Proficio Capital Partners LLC Acquires Shares of 18,306 Ryerson Holding Co. (NYSE:RYI)

Proficio Capital Partners LLC acquired a new stake in Ryerson Holding Co. (NYSE:RYI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 18,306 shares of the basic materials company’s stock, valued at approximately $339,000. Proficio Capital Partners LLC owned approximately 0.06% of Ryerson at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Newbridge Financial Services Group Inc. acquired a new position in shares of Ryerson during the 4th quarter worth approximately $54,000. FMR LLC raised its holdings in Ryerson by 159.7% in the 3rd quarter. FMR LLC now owns 7,649 shares of the basic materials company’s stock valued at $152,000 after acquiring an additional 4,704 shares during the last quarter. Intech Investment Management LLC acquired a new position in Ryerson in the 3rd quarter valued at $207,000. GSA Capital Partners LLP acquired a new position in Ryerson in the 3rd quarter valued at $272,000. Finally, Hantz Financial Services Inc. raised its holdings in Ryerson by 9.4% in the 4th quarter. Hantz Financial Services Inc. now owns 30,067 shares of the basic materials company’s stock valued at $557,000 after acquiring an additional 2,590 shares during the last quarter. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets boosted their price objective on shares of Ryerson from $23.00 to $25.00 and gave the stock a “market perform” rating in a research note on Monday, February 24th.

Ryerson Trading Up 1.1 %

Ryerson stock opened at $23.50 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average price of $21.91 and a two-hundred day moving average price of $21.66. The firm has a market capitalization of $748.56 million, a price-to-earnings ratio of -90.39 and a beta of 1.53. Ryerson Holding Co. has a 52-week low of $17.18 and a 52-week high of $34.65.

Ryerson (NYSE:RYI) last issued its quarterly earnings results on Thursday, February 20th. The basic materials company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.48) by $0.34. Ryerson had a negative net margin of 0.19% and a negative return on equity of 0.70%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. Sell-side analysts expect that Ryerson Holding Co. will post 1.2 earnings per share for the current year.

Ryerson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a $0.1875 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.75 annualized dividend and a yield of 3.19%. Ryerson’s dividend payout ratio is presently -288.46%.

Insider Buying and Selling at Ryerson

In other Ryerson news, CFO James J. Claussen sold 6,017 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $25.30, for a total transaction of $152,230.10. Following the completion of the sale, the chief financial officer now directly owns 58,773 shares in the company, valued at $1,486,956.90. This represents a 9.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Edward J. Lehner sold 10,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $24.79, for a total transaction of $247,900.00. Following the sale, the chief executive officer now owns 593,228 shares of the company’s stock, valued at $14,706,122.12. This trade represents a 1.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.88% of the company’s stock.

Ryerson Profile

Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States and internationally. It offers a line of products in carbon steel, stainless steel, alloy steels, and aluminum, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural, and tubing.